BLK
BlackRock, Inc.
BLK's fundamentals are mixed, but it looks expensive: trading at 28x earnings, above its usual 22x.
GECC
Great Elm Capital Corp.
There isn't enough reported data to score GECC yet.
BLK Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
BLK's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like BLK.
GECC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| N/A | |
| N/A |
GECC's revenue is currently stable, but its profitability is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like GECC.
BLK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 19x | $848 | -30% |
| Fair | 22x | $973 | -20% |
| Expensive | 26x | $1,149 | -5.5% |
| Current | 28x | $1,217 | — |
Historical ranges are pointers, not guarantees.
BLK's PE is in its expensive range at 28x.
GECC PE Valuation
GECC has no meaningful PE right now: it lost money over the past year.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
GECC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong decline | |
| Decline | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect GECC's earnings and revenue to decline, with profitability weakening.
BLK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $43.87 | +11% |
| Q2 2026 | $41.73 | -0.4% |
| Q1 2026 | $39.73 | -4.7% |
| Q4 2025 | $35.31 | -17% |
| Q3 2025 | $39.42 | -2.7% |
| Q2 2025 | $41.89 | +4% |
| Q1 2025 | $41.69 | +5.9% |
| Q4 2024 | $42.53 | +16% |
BLK has the edge over GECC on earnings quality, reporting a profit while its opponent remains loss making.
GECC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.82 | — |
| Q3 2026 | -$1.73 | -$1.22 |
| Q2 2026 | -$3.22 | -300% |
| Q1 2026 | -$2.66 | -691% |
| Q4 2025 | -$2.57 | -814% |
| Q3 2025 | -$0.51 | -173% |
| Q2 2025 | $1.61 | +16% |
| Q1 2025 | $0.45 | -80% |
| Q4 2024 | $0.36 | -89% |
GECC is still losing money, but far less than before: $1.73 per share over the past year, against $29.27 at its worst in early 2020.
BLK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $7.8B | +19% |
| Q2 2026 | $7.1B | +31% |
| Q1 2026 | $6.7B | +27% |
| Q4 2025 | $7B | +23% |
| Q3 2025 | $6.5B | +25% |
| Q2 2025 | $5.4B | +13% |
| Q1 2025 | $5.3B | +12% |
| Q4 2024 | $5.7B | +23% |
GECC has the stronger quarterly revenue trend. Revenue is up 19% for BLK versus up 290% for GECC.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 30% | 0 points |
| Q2 2026 | 35% | +2.8 points |
| Q1 2026 | 42% | +9.8 points |
| Q4 2025 | 24% | -13 points |
| Q3 2025 | 30% | -8.6 points |
| Q2 2025 | 32% | -5.5 points |
| Q1 2025 | 32% | -3.6 points |
| Q4 2024 | 37% | +2.3 points |
BLK's operating margin was 30% last quarter, about level with the same quarter a year ago, near the bottom of its range since 2019.
GECC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2022 | $5.5M | +290% |
| Q2 2022 | $5.5M | +1.1% |
| Q1 2022 | $5.6M | -64% |
| Q4 2021 | $6.4M | +11% |
| Q3 2021 | $1.4M | -76% |
| Q2 2021 | $5.5M | +14% |
| Q1 2021 | $15.6M | +142% |
| Q4 2020 | $5.7M | -18% |
GECC's revenue is recovering but still below its 2021 peak: $5M last quarter, up 290% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2022 | 24% | +246 points |
| Q2 2022 | -82% | -128 points |
| Q1 2022 | -92% | -173 points |
| Q4 2021 | -349% | -182 points |
| Q3 2021 | -222% | -351 points |
| Q2 2021 | 46% | -28 points |
| Q1 2021 | 81% | +602 points |
| Q4 2020 | -168% | -145 points |
GECC's operating margin was 24% last quarter, up 246 points from the same quarter a year ago.
BLK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.6B | +95% |
| Q2 2026 | $1.1B | -12% |
| Q1 2026 | -$1.1B | +$120M |
| Q4 2025 | $2.1B | -15% |
| Q2 2025 | $1.3B | -6.1% |
| Q1 2025 | -$1.2B | -$734M |
| Q4 2024 | $2.5B | +35% |
| Q2 2024 | $1.4B | +47% |
BLK's free cash flow was $4.8B over the past year, up 22% from the year before. Free cash flow isn't a meaningful measure for financial services companies like BLK.
GECC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $13.3M | +$38.5M |
| Q2 2026 | $13.2M | +36% |
| Q1 2026 | $23.5M | +$29.4M |
| Q4 2025 | $18.6M | -41% |
| Q3 2025 | -$25.2M | +$29.2M |
| Q2 2025 | $9.7M | +$44M |
| Q1 2025 | -$5.9M | +$19.5M |
| Q4 2024 | $31.4M | +1396% |
GECC has the edge over BLK on cash flow, with more consistent year-over-year improvement.
BLK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -148K shares |
| 1 year | -0.4% | -677K shares |
| 3 years | +9.3% | +14M shares |
| 5 years | +6.2% | +9.6M shares |
| Available history | +4.4% | +7M shares |
BLK has the edge over GECC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2025 | $396M |
| Q1 2025 | $657M |
| Q4 2024 | $386M |
| Q2 2024 | $519M |
| Q1 2024 | $634M |
| Q4 2023 | $384M |
| Q3 2023 | $396M |
| Q2 2023 | $383M |
GECC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -53 shares |
| 1 year | +13% | +1.6M shares |
| 3 years | +83% | +6.3M shares |
| 5 years | +248% | +9.9M shares |
| Available history | +728% | +12.2M shares |
GECC has 14M diluted shares, up 13% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
BLK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.0x | Net Cash |
| Q2 2026 | 0.2x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.2x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2024 | 0.2x | Very low |
| Q1 2024 | 0.3x | Very low |
| Q4 2023 | 0.1x | Very low |
BLK has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like BLK.
GECC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2021 | 57.8x | High |
| Q2 2021 | 8.0x | High |
| Q1 2021 | 6.3x | High |
GECC's net debt is more than 20 years of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like GECC.
BLK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 64.5 | Neutral |
| Stochastic | 79.0 | Neutral |
BLK's weekly RSI is 64 (neutral) and its Stochastic is 79 (neutral).
GECC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.1 | Neutral |
| Stochastic | 12.4 | Oversold |
GECC's weekly RSI is 35 (neutral) and its Stochastic is 12 (oversold).
BLK PE vs Financial Services Sector
| Metric | BLK | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 13x | 113% above |
| PE % | 97 | 63 | 34 pts above |
BLK is trading at 28x earnings, a 113% premium to the Financial Services sector's median of 13x.
GECC PE vs Financial Services Sector
| Metric | GECC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
GECC has no meaningful PE right now: it lost money over the past year.
BLK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,128.0 | 7.9% above |
| 20 week MA | $1,108.9 | 9.7% above |
| 50 week MA | $1,071.6 | 14% above |
| 100 week MA | $1,051.1 | 16% above |
| 200 week MA | $914.1 | 33% above |
BLK has the edge over GECC on trend strength, trading above more of its moving averages.
GECC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.96 | 5.6% below |
| 20 week MA | $5.35 | 13% below |
| 50 week MA | $5.84 | 20% below |
| 100 week MA | $8.01 | 42% below |
| 200 week MA | $8.87 | 47% below |
GECC is in a downtrend: it's below all five of its weekly moving averages, and 47% below its 200-week average.
BLK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $503.0 | $707.2 | +41% |
| 2021 | $707.2 | $913.9 | +29% |
| 2022 | $913.9 | $703.9 | -23% |
| 2023 | $703.9 | $811.8 | +15% |
| 2024 | $811.8 | $1,044.2 | +29% |
| 2025 | $1,044.2 | $1,088.1 | +4.2% |
| 2026 YTD | $1,088.1 | $1,216.6 | +12% |
BLK has the edge over GECC on returns for 2026, with the stronger performance.
GECC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $48.4 | $22.7 | -53% |
| 2021 | $22.7 | $18.7 | -18% |
| 2022 | $18.7 | $8.31 | -55% |
| 2023 | $8.31 | $10.7 | +28% |
| 2024 | $10.7 | $10.6 | -0.8% |
| 2025 | $10.6 | $6.76 | -36% |
| 2026 YTD | $6.76 | $4.68 | -31% |
GECC has finished lower in five of the last six years. It's down 31% so far in 2026.